Reaves Utility Income Fund
US ˙ NYSEAM

SecurityUTG / Reaves Utility Income Fund
InstitutionAdvisor Group Holdings, Inc.
Latest Disclosed Ownership253,611 shares
Latest Disclosed Value $ 9,962,271
Advisor Group Holdings, Inc. reports 0.66% decrease in ownership of UTG / Reaves Utility Income Fund

On May 15, 2026 - Advisor Group Holdings, Inc. filed a 13F-HR form disclosing ownership of 253,611 shares of Reaves Utility Income Fund (US:UTG) valued at $9,961,840 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 255,308 shares of Reaves Utility Income Fund. This represents a change in shares of -0.66% during the quarter. The current value of the position is $10,631,373 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 253,611 -1,697 -0.66 9,962 6.66 0.0085
2026-02-17 2025-12-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 255,308 10,436 4.26 9,340 -1.79 0.0136
2025-11-14 2025-09-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 244,872 7,788 3.28 9,511 10.87 0.0133
2025-09-04 2025-06-30 13F/A-1 REAVES UTIL INCOME FD COM SH BEN INT 756158101 237,084 3,165 1.35 8,579 12.71 0.0153
2025-08-13 2025-06-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 192,178 -41,741 6,532 0.0076
2025-05-12 2025-03-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 233,919 -157,221 -40.20 7,612 -38.60 0.0170
2025-06-06 2024-12-31 13F/A-1 REAVES UTIL INCOME FD COM SH BEN INT 756158101 391,140 2,523 0.65 12,396 -2.78 0.0278
2025-02-07 2024-12-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 384,863 -3,754 12,295 0.0314
2024-11-13 2024-09-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 388,617 63,889 19.67 12,751 43.73 0.0288
2024-08-13 2024-06-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 324,728 -36,316 -10.06 8,872 -8.86 0.0210
2024-05-10 2024-03-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 361,044 20,664 6.07 9,734 6.94 0.0217
2024-02-12 2023-12-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 340,380 -28,814 -7.80 9,102 0.01 0.0159
2023-11-13 2023-09-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 369,194 34,951 10.46 9,101 -0.70 0.0134
2023-08-21 2023-06-30 13F/A-1 REAVES UTIL INCOME FD COM SH BEN INT 756158101 334,243 -18,890 -5.35 9,165 -8.56 0.0165
2023-08-10 2023-06-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 334,243 -18,890 9,165 0.0025
2023-05-12 2023-03-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 353,133 -9,088 -2.51 10,023 -2.15 0.0189
2023-02-10 2022-12-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 362,221 8,664 2.45 10,242 6.34 0.0207
2022-11-14 2022-09-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 353,557 2,034 0.58 9,631 -11.63 0.0220
2022-08-10 2022-06-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 351,523 -2,153 -0.61 10,898 -10.92 0.0240
2022-05-04 2022-03-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 353,676 2,971 0.85 12,234 -0.67 0.0237
2022-02-03 2021-12-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 350,705 20,215 6.12 12,317 13.74 0.0233
2021-11-05 2021-09-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 330,490 19,840 6.39 10,829 1.60 0.0226
2021-08-02 2021-06-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 310,650 8,737 2.89 10,658 5.38 0.0231
2021-05-13 2021-03-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 301,913 15,011 5.23 10,114 7.52 0.0243
2021-02-10 2020-12-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 286,902 16,405 6.06 9,407 11.15 0.0251
2020-11-12 2020-09-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 270,497 15,103 5.91 8,463 9.80 0.0253
2020-08-14 2020-06-30 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 255,394 62,110 32.13 7,708 38.63 0.0259
2020-05-18 2020-03-31 13F REAVES UTIL INCOME FD COM SH BEN INT 756158101 193,284 193,284 5,560 0.0228
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.